Question

17. Which of the following is a characteristic of oligopoly?
(A) Market power
(B) Interdependence
(C) Independent decision making
(D) None of these​

Answer 1

Answer:

b) interdependence is the correct option

Answer 2

Answer:

Four characteristics of an oligopoly industry are:

1. Few sellers

2. Barriers to entry.

3. Interdependence.

4. Prevalent advertising.

So, interdependence is the correct answer.